Saudi food conglomerate Almarai has announced that it has opened nominations for the 2026 edition of its food security research award, offering $500,000 to support scientific work aimed at improving food security in dryland regions.
Korea Electric Power Corporation (Kepco) has announced that it has secured contracts worth $1.4 billion from Saudi oil giant Aramco for the construction and operation of the second phase of the kingdom’s Jafurah cogeneration power plant which, on completion, will boast a 331MW capacity.
Red Sea Global, the Saudi developer behind the key tourism destinations The Red Sea and Amaala, said it has secured an independent third-party verification from DNV confirming that the company avoided 117,879 tonnes of carbon dioxide (tCO₂e) in 2024 through its renewable energy operations.
Elsewedy Electric, a leading provider of energy and infrastructure solutions in EMEA region, said the group continues its efforts to empower Saudi women and actively engage them in the workplace. Its Saudi female employees currently represent 6.5% of the group’s total workforce in the kingdom.
Leading Saudi developer Rikaz said its consortium comprising Aljada First Development and AlMajdiah Real Estate has been awarded a key contract to develop East Hindawiyah, a SAR2 billion ($533 million) mixed-use project coming up near the Grand Mosque in Makkah.
Ladun Investment Company has secured SAR2.39 billion ($637 million) contracts to carry out infrastructure development work at Al Qirawan and Al Narjis districts as well as the Namar real estate development - in the Saudi capital. They will be executed in consortium with Al Ayuni Investment and Contracting.
EmaarEC, the master developer of King Abdullah Economic City (KAEC), has announced that it has awarded a major contract to Nesma and Partners to carry out infrastructure development works within the Industrial Valley and the Special Economic Zone at KAEC.
Leading Irish group EcoModular has entered into an agreement with Saudi-based project management consultancy IDS and Latvia's Modul Consult to establish tripartite framework for volumetric modular development across Europe, KSA and the wider GCC region.
Leading low-cost carrier Jazeera Airways has announced the full resumption of operations from its dedicated Terminal 5 (T5) at Kuwait International Airport following the partial resumption of direct flights last week after 57 days of airport closure and conclusion of its service from a temporary base in Saudi Arabia.
Saudi Arabia's National Center for Privatisation & PPP (NCP) has launched the expressions of interest (EOIs) and requests for qualification for the operation and maintenance of a new public parks project. The 15-year contract will cover 50 parks across three regions - Eastern Province, Jeddah, and Madinah region.
